Germantown YWCA project in limbo as developer seeks tax credits for senior affordable housing

Have a question about Philly’s neighborhoods or the systems that shape them? PlanPhilly reporters want to hear from you! Ask us a question or send us a story idea you think we should cover. After a decade of delays, the future of the former Germantown YWCA appears to be as uncertain as ever. Ohio-based KBK Enterprises said Wednesday that it is still awaiting word on whether it will be awarded a critical construction subsidy for the crumbling city-owned building. If it isn’t, the company’s plans to transform the historic property into affordable senior housing could be derailed. “That’s going to allow the project to proceed forward,” said Keith Key, KBK president and CEO. “We think this is a big piece of the puzzle to be able to attract some equity in the project.” KBK’s latest proposal is to transform the Y into a 51-unit apartment building for older adults. The subsidy, in the form of low-income housing tax credits, is needed to make those rentals affordable. During a virtual communit